A and B are partners in a firm. The net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm was: Liabilities ₹ Assets ₹ Capital A/cs: Building 50,000 A 50,000 Plant and Machinery 30,000 B 40,000 90,000 Stock 18,000 Reserve 10,000 Debtors 22,000 Creditors 20,000 Bank 5,000 Outstanding Expenses 5,000 1,25,000 1,25,000 Following are the required adjustments on admission of C:(a) C brings in ₹ 25,000 towards his capital.(b) C also brings in ₹ 5,000 for 1/5th share of goodwill.(c) Stock is undervalued by 10%.(d) Creditors include a liability of ₹ 4,000, which has been decided by the court at ₹ 3,200.(e) In regard to the Debtors, the following Debts proved Bad or Doubtful−₹ 2,000 due from X−bad to the full extent;₹ 4,000 due from Y−insolvent, estate expected to pay only 50%.You are required to prepare Revaluation Account, Partners' Capital Accounts and Balance Sheet of the new firm.